‘Big 4’ Accounting Giant PwC Accepts its First Bitcoin Payment

PricewaterhouseCoopers (PWC), one of the world’s largest accounting firms, has accepted its first ever bitcoin payment for its advisory services.

An ever-growing embrace of cryptocurrencies and blockchain technology among its clients has seen PwC accept bitcoin as a payment in Hong Kong. According to a Wall Street Journal report, PwC in Hong Kong revealed it is working with a number of startups involved in bitcoin and the wider cryptocurrency industry, prompting the firm to accept the world’s most widely-known cryptocurrency. Notably, PwC also confirmed its advent into advising clients about crypto funds and investments, cryptocurrency exchanges and initial coin offerings –  a radical new form of fundraising powered by cryptocurrencies.

“This decision helps illustrate how we are embracing new technology and incorporating innovative business models across our full range of services,” said PwC Asia-Pacific chairman Raymund Chao…

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